Brief Exercise 20-3

At January 1, 2017, Andrew Company had plan assets of $293,300 and a projected benefit obligation of the same amount. During 2017, service cost was $26,400, the settlement rate was 10%, actual and expected return on plan assets were $25,000, contributions were $20,400, and benefits paid were $17,600.

Prepare a pension worksheet for Andrew Company for 2017.